Defusing the bomb
Legg, Jonathan
Defusing the bomb - 2008 - Estates Gazette (0820) 24 May 2008, 126-128(3) .
Considers changes in the rules governing Stamp Duty Land Tax (SDLT). The Finance Act 2007 ruled that any change in the income-sharing structure within a partnership constituted the transfer of an interest to a property investment partnership. This caused many partnerships to pay SDLT twice on the same property. It is proposed that the Finance Bill 2008 exempt a number of transactions from these rules, including gifts. Also reports on changes to a number of problems inherent in the SDLT relief available regarding property transferred between associated companies, known as group relief.
FINANCE BILL 2008
FINANCE ACT 2003 SCHED 15
FINANCE ACT 2007
England and Wales--1543-
Defusing the bomb - 2008 - Estates Gazette (0820) 24 May 2008, 126-128(3) .
Considers changes in the rules governing Stamp Duty Land Tax (SDLT). The Finance Act 2007 ruled that any change in the income-sharing structure within a partnership constituted the transfer of an interest to a property investment partnership. This caused many partnerships to pay SDLT twice on the same property. It is proposed that the Finance Bill 2008 exempt a number of transactions from these rules, including gifts. Also reports on changes to a number of problems inherent in the SDLT relief available regarding property transferred between associated companies, known as group relief.
FINANCE BILL 2008
FINANCE ACT 2003 SCHED 15
FINANCE ACT 2007
England and Wales--1543-